How much are you paying for business insurance?

[dpatt07]

How much does a typical business insurance cost a month??....including equipment and insurance for damages to customers property and what not. I am currently looking for business insurance and I am interested in what a good prices is per month. also where do you go for your insurance? Thanks

[Getter Done Lawn]

it's about $1,000 for a million dollar policy per year

[GeorgiaLandscaper]

$650, for 1 million liability and up to $7000 on equipment.

[dpatt07]

what does that million dollary poilicy cover and does that include the truck insurance?!?!

[dpatt07]

By the way i just do the lawn service by myself....do you think i need a million dollar policy or is that just if i have employees? What about a 100,000 or a 350,000 dollar policy? Does anyone use a leased truck for their lawn business and is it extra for business insurance if I am using one?

[ElShauno]

Decipher this for yourself but heres a copy of my quote I got today.
Basic Policy Deductible: $500 Sect. I & II
Coverage A – Building(s) $ $
Coverage B – Business Personal Property* $1,000 $8
Coverage C – Loss of Income $
Coverage L – Business Liability per Occurrence $1,000,000 $464
Coverage L – Annual Aggregate $2,000,000
Coverage M – Medical Payments $5,000 $incl
*Cont./Misc BPP Theft Charge $
Basic Policy Premium: $472


Optional Coverages:

☐Accounts Receivable $ $
☐Blanket Coverage $
☐Bldg Ord/Law – Loss to

Undamaged Portion of Bldg
Included in Coverage A $
☐Bldg Ord/Law – Demolition Cost

Increased Cost of Construction
$
☐Employee Dishonesty $ $
☐Exterior Signs $ $
☐Clergy Professional $ $
☐Directors & Officers $ $
☐Earthquake - Included in Coverage A/B $
☐Computer Floater - $ $
☐Computer – Loss of Income $7,000 $98
☒Misc. Articles Fltr $500 Ded $ $
☐Money and Securities On Premises: $ Off: $
☐Temperature Change $ $
☐Valuable Papers $ $
☐Equipment Breakdown Included in Coverage A $
☐Hired Auto Included in Coverage L $
☐Property of Others $ $
☐Employer’s Liability Included in Coverage L $
☐ Mobile Equip Fltr – $ Ded. $
☐ $
☐ $
☐ $

TOTAL Policy Premium: $570

Hope that helps

[dpatt07]

yeah that helps me a lot actually, thank you. It gives me something to compare it to, i applied for a quote today i am just wiating to hear back. Does that quote you got include equipment and accident insurance for truck/trailer?

[yardboy]

I pay bout $2600.oo for GL w/herby-cide , bout $2000.oo+ on Worker C.,
bout $3300.oo vehicles.

[ElShauno]

thats just basic coverage through through state farm. It does cover equipment and trailer to 7000 (the cost of my equipment to date) My truck is already insured but I am thinking about a gap policy that would cover the cost of replacing my equipment if it were stolen.

[dpatt07]

Oh that is through state farm....that is where i am getting my quote from so hopefully it wont be more then that, I am not looking to pay anymore then 700 if possible. Thanks for all the help

[GeorgiaLandscaper]

As far as I know statefarm will not insure liability. They only insure trucks, equipment, etc.....

[ElShauno]

Coverage L – Business Liability per Occurrence $1,000,000 $464

Thats statefarm

[ElShauno]

Coverage L – Business Liability per Occurrence $1,000,000 $464

They do insure liability

[GeorgiaLandscaper]

Im corrected then. Sorry about that. It must be just my agent.

[ElShauno]

its all good. I think it does from agent to agent on the policies that they sell. My agent also does IRAs health and all kinds of other insurance